Info class actionr

Case settled

DRAM

 

WHAT IS THE CLASS ACTION ABOUT?

In 1998, class actions were filed against manufacturers(1) of dynamic random access memory (DRAM) who would have fixed the price of this electronic component between April 1, 1999 and June 30, 2002, thus increasing the prices paid by Canadian consumers.

WHAT STAGE HAS THE CLASS ACTION REACHED?

Nearly $80 million dollars in compensation funds were obtained for the benefit of all Canadian consumers in settling the class actions with the Defendants.

Class members submitted their claims between February 23 and June 23, 2015, and 936,479 checks were sent to class members to distribute the collected sums.  

The Courts are now seized with applications to distribute the balance of funds.

FOR MORE INFORMATION

For more information, visit www.themoneyismine.ca

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(1) Manufacturers: :Elpida, Micron, Nanya, NEC, Hitachi, Samsung, Hynix, Infineon, Mitsubishi, Toshiba and Windbond.

 

 

Chronology

November 2015 and May 2016

The Court authorizes payment of claims to class members.

February 2015

“The Money is Mine!” awareness campaign launch. Claims period starts on February 23, 2015 and will continue until June 23, 2015.

October 2014

Justice Gagnon grants three motions: a motion for the approval of four settlement agreements with Toshiba, Winbond, Infineon and Mitsubishi Defendants groups, a motion for approval of the plan to pay settlement funds and a motion for the approval of counsel’s legal fees and disbursements.

June 2014

Justice Gagnon authorizes the class action against Defendants Toshiba Corporation, Toshiba America Electronics Components Inc., Toshiba of Canada Limited, Winbond Electronics Corporation, and Winbond Electronics Corporation America for settlement purposes, and set the hearing for the approval of the settlement agreements and the plan to pay settlement funds for September 5, 2014.

October 2013

The Supreme Court of Canada confirms the decision of the Court of Appeal and authorizes the class action.

June 2013

Justice Gagnon approves the settlements with Hynix and Samsung valued at more than $38,000,000

May 2013

Justice Gagnon authorizes the class action against Defendants Samsung Electronics Co., Ltd., Samsung Semiconductor, Inc., Samsung Electronics America, Inc., Samsung Electronics Canada Inc., Hynix Semiconductor Inc., Hynix Semiconductor America Inc. and Hynix Semiconductor Manufacturing America, Inc. for the purpose of implementing a settlement and fixes to June 25, 2013, the hearing for the approval of the Settlement Agreements

March 2013

Justice Gagnon approves settlements with Micron, Nanya, NEC and Hitachi for a total value of more than $22,000,000.

December 2012

Justice Gagnon authorizes the class action against Defendants Micron Technology, Inc., Micron Semiconductor Products, Inc., Nanya Technology Corporation, Nanya Technology Corporation USA, NEC Corporation, NEC Corporation of America, NEC Canada Inc., Renesas Electronics Corporation, Renesas Electronics America Inc., Hitachi, Ltd., Hitachi America, Ltd., Hitachi Electronic Devices (USA), Inc. and Hitachi Power Systems Canada Ltd. for the purpose of implementing a settlement and fixes to January 24, 2013, the hearing for the approval of the Settlement Agreements.

Juin 2012

Justice Gagno approves settlement with Elpida valued at more than $5,750,000.

May 2012

The Supreme Court of Canada authorizes the appeal. The hearing is set for October 2012.

March 2012

Justice Gagnon authorizes the class action against Defendant Elpida Memory Inc. for the purpose of implementing a settlement and fixes to June 22, 2012, the hearing for the approval of the Settlement Agreement.

January 2012

Four of the five defendants apply for leave to appeal the Court of Appeal decision.

November 2011

The Court of Appeal allows the appeal and authorizes the class action.

August 2010

The Court of Appeal hears the appeal of the decision of first instance. The matter is under advisement.

November 2008

The Court of Appeal dismisses the Respondents' motions to dismiss the appeal.

July 2008

Justice Mongeau's judgment refusing to authorize the bringing of a class action is appealed.

June 2008

Justice Mongeau dismisses the Motion for Authorization to institute a Class Action

June 2007

The hearing of the Motion for Authorization of a Class Action is set for May 2008.

May 2007

Justice Mongeau dismisses Respondents' Motion for leave to adduce evidence in the Court record.

June 2006

The Honourable Richard Mongeau j.c.s., suspends a competing Class Action and authorizes Option Consommateur to amend its Motion for the Authorization of a Class Action so as to add other DRAM manufactures to it.

Year 2005

The file is suspended by administrative decision pending a decision by the Court of Appeal of Québec in another case.

October 2004

Filing of the Motion for authorization to institute a class action.